Sustainable housing and real estate in Kitchener-Waterloo Region


KW REAL ESTATE UPDATE
December 11, 2009, 11:55 pm
Filed under: Judita Makos | Tags: , , , ,

A new record for residential sales was set by Kitchener-Waterloo Real Estate Board in November.  Mls sales reached 556 units, which is 87.8% increase from november 2008.

“For the third consecutive month we have seen a significant resurgence from the downturn that started last fall”  reports Ted Scharf, the new President of Kitchener-Waterloo Real Estate Board.

There have been 6,108 residential units sold, meaning sales will easily surpass 2008’s year-end total of 6,115 units.  Homes selling between $350,000 to $500,000 totalled 90 in November, and increase of 233 % compared with November 2008 and an increase of 67 % compared to last month.  Another bright sign for the local economy,  was the increase in the sale of builder product last month.  There were 85 new construction homes sold  in November, marking a 214.8 percent increase over the same month last year.

Kitchener – Waterloo Real Estate Market Update

September – November 2009

  SEPTEMBER OCTOBER NOVEMBER
Homes Currently for Sale 1917 1819 1696
Homes Sold 531 579 556
Selling Ratio 28% 33% 33%
Sale Price vs. List Price Ratio 98% 98% 98%
Average Days on the Market 47 46 51
Median Selling Price $239,900 $238,700 $252,900
Average Selling Price $255,400 $258,600 $277,600

Listings and Sales by Price Range

Price Range   Actives   Solds
  SEPT OCT NOV SEPT OCT NOV
$150,000 or less 190 167 137 66 61 53
$150,000 – $200,000 215 190 180 79 92 79
$200,000 – $250,000 328 293 300 153 168 137
$250,000 – $300,000 301 283 267 86 116 101
$300,000 – $400,000 434 441 386 103 93 120
and Over $400,000 449 445 426 44 49 66

 

For a detailed statistical report relevant to your specific property and neighbourhood please

JUDITA MAKOS, SALES REP

CENTURY21 HOME REALTY INC

DIRECT; 519-572-0765

EMAIL;  judita.makos@century21.ca

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2 Comments so far
Leave a comment

223% as compared to Nov 2008 that is an impressive increase. realty in Calgary is showing an increase of 67.6% which seems tiny by comparison. That being said these numbers seem to show that realty in Canada is on the road to recovery

Comment by Chris Smith

Very informative real estate blog. Thanks I have bookmarked this one.

Comment by quantum condo




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